Sign In
Search
Business/Financial

L3Harris Swings To Loss In Third Quarter; Lowers Earnings And Sales Outlook

Cal Biesecker By
SHARE:
L3Harris Swings To Loss In Third Quarter; Lowers Earnings And Sales Outlook
Christopher "Chris" Kubasik, chairman and CEO of L3Harris Technologies. Photo: L3Harris

L3Harris Technologies [LHX] last Thursday reported a loss in its third quarter largely due to a hefty impairment charge and also due to ongoing macroeconomic factors plaguing the U.S. and global economy. The goodwill impairment charge of $802 million, $4.16 earnings per share (EPS), followed a review of the company’s businesses as part of its annual strategic planning and found two legacy L3Technologies units that are on “the lower end of the portfolio from a growth perspective” as they relate…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Defense Watch

Defense Watch: LWCLU Award, Dutch FMS, UGVs in UKR, Drone U, Vectis Overseas

Business/Financial

Fewer Portfolio Adjustments Ahead For L3Harris As Mehta Focuses On ‘Business We Have’

Business/Financial

Oshkosh Defense To Manufacture Grid Aero’s Autonomous Cargo Drone In New Partnership

Business/Financial

DoD Taking Equity Stake In Drone Manufacturer Neros With Planned $450 Million Loan

Trending

Federal Watchdogs File Project Meridian Lawsuit
U.S. Space Force Cislunar Space System Under Consideration
DoD Taking Equity Stake In Drone Manufacturer Neros With Planned $450 Million Loan
Defense Watch: BAE Deck Launcher, SSN-788, Swedish Saildrone, XQ-57A, Leidos Dividend
Boeing To Receive Up to $945.9 Million Sole Source Contract for MILSATCOM Sustainment

Congress Updates

Congress

Dems’ Big Night Set To Reshape Top Defense Committee Spots, As Key GOP’ers Knocked Off

Democrats’ sweeping victories in Tuesday’s midterms, taking back control of the House and Senate, are set to reshape key spots atop defense committees, to include House Armed Services panels and […]

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

Air Force

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume